The White House was scheduled to release its final CAFE fuel economy regulations on August 15. After an unexplained delay, the President made the statement this week. The rules will be required for all brand new automobiles sold in the U.S. between 2017 and 2025.
Give it a few years to kick in
The brand new rules with CAF say that 54.5 mpg is the minimum an automobile has to achieve between 2017 and 2025.
The rules publicized Wed differ from those previously announced on numerous points, mostly to allow wiggle-room to incentivize natural fuel vehicles and other future "technologies with potential to achieve real-world greenhouse gas reductions and fuel economy improvements that are not captured by the requirements test procedures."
The Federal Government says that the CAFE specifications will almost double the fuel efficiency of automobiles when compared with models on the market today. Also, it will cut the country's CO2 emissions in half.
According to Obama:
"These fuel standards represent the single most important step we've ever taken to reduce our dependence on foreign oil. ... It'll strengthen our nation's energy security, it's good for middle class families and it will help create an economy built to last."
Different sides of the argument
The vehicles of the future will be smaller and need huge auto loan amounts. that is only way the Caf specifications will work, according to opponents of the regulations such as House Republicans and the National Automobile Dealers Association.
Supporters argue that those figures are highly exaggerated. The White House claims it would be more like a $2,800 increase, and that the difference will be more than made up by the approximately $8,000 in fuel savings over the life of a vehicle.
Groups that endorse the move contain the United Auto Workers Union, the Natural Resources Defense Council, and car makers Chrysler, Ford, General Motors and Hyundai.
According to Automotive News, the CAFE rules will cost the country as much as $192 million between 2017 and 2025. That, however, will be offset by fuel savings of $515 billion.
Win-win
Frances Beinecke works at the Natural Resources Defense Council as the president. He said:
"Everybody is a winner today. Motorists win because they will have much more fuel-efficient cars to drive, thus saving thousands of dollars at the gas pump every year. The auto industry -- and its workers -- wins because these standards will spur the creation of thousands of new jobs as well as state-of-the-art vehicles that go nearly twice as far on the same gallon of gasoline."
Give it a few years to kick in
The brand new rules with CAF say that 54.5 mpg is the minimum an automobile has to achieve between 2017 and 2025.
The rules publicized Wed differ from those previously announced on numerous points, mostly to allow wiggle-room to incentivize natural fuel vehicles and other future "technologies with potential to achieve real-world greenhouse gas reductions and fuel economy improvements that are not captured by the requirements test procedures."
The Federal Government says that the CAFE specifications will almost double the fuel efficiency of automobiles when compared with models on the market today. Also, it will cut the country's CO2 emissions in half.
According to Obama:
"These fuel standards represent the single most important step we've ever taken to reduce our dependence on foreign oil. ... It'll strengthen our nation's energy security, it's good for middle class families and it will help create an economy built to last."
Different sides of the argument
The vehicles of the future will be smaller and need huge auto loan amounts. that is only way the Caf specifications will work, according to opponents of the regulations such as House Republicans and the National Automobile Dealers Association.
Supporters argue that those figures are highly exaggerated. The White House claims it would be more like a $2,800 increase, and that the difference will be more than made up by the approximately $8,000 in fuel savings over the life of a vehicle.
Groups that endorse the move contain the United Auto Workers Union, the Natural Resources Defense Council, and car makers Chrysler, Ford, General Motors and Hyundai.
According to Automotive News, the CAFE rules will cost the country as much as $192 million between 2017 and 2025. That, however, will be offset by fuel savings of $515 billion.
Win-win
Frances Beinecke works at the Natural Resources Defense Council as the president. He said:
"Everybody is a winner today. Motorists win because they will have much more fuel-efficient cars to drive, thus saving thousands of dollars at the gas pump every year. The auto industry -- and its workers -- wins because these standards will spur the creation of thousands of new jobs as well as state-of-the-art vehicles that go nearly twice as far on the same gallon of gasoline."
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